XML 10 R4.htm IDEA: XBRL DOCUMENT v3.26.1
STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment Income:        
Total interest income $ 6,157 $ 7,969 $ 12,877 $ 15,935
Total dividend income 4,617 6,236 7,322 9,848
Total other income 122 72 241 989
Total investment income 10,896 14,277 20,440 26,772
Expenses:        
Management fees 1,015 1,278 2,087 2,550
Incentive fees 901 1,470 1,444 2,620
Administration fees 472 383 982 738
Custody fees 33 37 68 75
Directors’ fees 53 53 107 106
Professional services 587 459 1,101 883
Interest expense 3,868 4,318 8,124 8,569
Other expenses 282 307 578 615
Total expenses 7,211 8,305 14,491 16,156
Incentive fee waiver (901)   (3,711)  
Net expenses 6,310 8,305 10,780 16,156
Net investment income before taxes 4,586 5,972 9,660 10,616
Excise tax 83 68 174 136
Net investment income 4,503 5,904 9,486 10,480
Net realized and unrealized gains (losses):        
Total net realized gain (loss) 2,943 459 5,573 723
Total net change in unrealized appreciation (depreciation) (1,021) 5,380 (9,379) 993
Net realized and unrealized gains (losses) 1,922 5,839 (3,806) 1,716
Net increase (decrease) in net assets resulting from operations $ 6,425 $ 11,743 $ 5,680 $ 12,196
Earnings per share, basic $ 0.46 $ 1.02 $ 0.41 $ 1.06
Earnings per share,diluted $ 0.46 $ 1.02 $ 0.41 $ 1.06
Weighted average shares outstanding basic 13,889,803 11,556,857 13,937,053 11,550,739
Weighted average shares outstanding diluted 13,889,803 11,556,857 13,937,053 11,550,739
Non-affiliated, Non-controlled Investments        
Investment Income:        
Total interest income $ 4,555 $ 6,560 $ 9,644 $ 12,962
Total dividend income 2,048 2,332 2,207 2,568
Total other income 122 72 241 815
Net realized and unrealized gains (losses):        
Total net realized gain (loss) 2,943 459 5,575 723
Total net change in unrealized appreciation (depreciation) (187) 7,679 (4,038) 5,613
Non-affiliated, non-controlled investments (PIK)        
Investment Income:        
Total interest income 703 644 1,522 1,255
Total other income 0   0 174
Controlled Investments        
Investment Income:        
Total interest income 899 765 1,711 1,718
Total dividend income 2,569 3,904 5,115 7,280
Net realized and unrealized gains (losses):        
Total net change in unrealized appreciation (depreciation) (834) $ (2,299) (5,341) $ (4,620)
Realized Loss on Repurchase of Debt        
Net realized and unrealized gains (losses):        
Total net realized gain (loss) $ 0   $ (2)